Lake Forest, Calif. – February 13, 2008 – Kwikset®, a leader in the
home improvement industry, announces the new SmartSupply builder purchasing
program. With the help of technology developed by industry-leading solutions
provider Hyphen Solutions, Ltd., Kwikset has developed a program to streamline
the hardware distribution process, increase builder profit margins and improve
the efficiency of distribution partners.

By limiting distribution channels and simplifying the purchasing process, the
SmartSupply program offers builders an approved list of Kwikset “Platinum”
partners who will have access to greater purchasing efficiency, on-site
delivery, installation services and integrated computer inventory systems.
Utilizing Hyphen’s SupplyPro® scheduling and collaboration tool, and a jointly
developed interface with Kwikset, Platinum partners will enable builders to
order from the field, process orders in real time, track invoices online, and
access a detailed audit trail. Kwikset will have visibility into the builders’
schedules to forecast product demand in advance of the Platinum partners’ orders
to streamline inventories and reduce out-of-stocks. The Hyphen Solutions system
will also allow the distributor, builder and Kwikset to access information on
usage history and future demand. This will enable the value chain to operate at
higher levels of efficiency than it does today. When participating in the
program, builders can also look forward to flat pricing, decreased inventory
errors, more control over the supply chain process and other operational
efficiencies.

“Because the hardware marketplace is a very crowded arena, we wanted to
develop a way to differentiate Kwikset from its competitors in the industry. We
have spent time listening to the needs of the home builder and we believe
SmartSupply is a proactive strategy to address those needs.” said Bobby Bloom,
Vice President of Builder Channel Sales at Black & Decker HHI Group.
“Builders who utilize the SmartSupply program will be able to keep inventory at
a minimum, track orders and billing, and complete all hardware transactions
while on the job.”

Another vehicle of the SmartSupply program is the new SmartKey lock,
which is exclusively available in the Kwikset Signature Series line. With the
patented sidelocking bar technology to replace the traditional pin and tumbler
design, SmartKey locks can be easily re-keyed in 30 seconds or less, and
eliminate many of the hassles and complexities associated with re-keying. The
additional security of SmartKey can be used as a significant feature when
selling new homes.

When subscribing to the SmartSupply program, builders can choose from a
variety of wholesale and distribution packages that includes inventory upgrades,
quick shipments, small dealer support, jobsite delivery, installation services,
outside sales forces and service warranties. Through the unique benefits of the
SmartSupply program and innovative SmartKey technology, Kwikset is changing the
traditional look of the hardware supply industry for builders of all sizes.

Hyphen Solutions, Ltd. supplies 17,000 users with an industry-leading supply
chain management, collaboration, and scheduling solution for America’s most
respected homebuilders and their business partners. Hyphen’s unique technology
delivers greater operational control, better communication and increase
productivity for both homebuilders and their building partners who use the
BuildPro and SupplyPro applications. For more information, please visit www.hyphensolutions.com.

For more than 60 years, Kwikset, manufacturer of America’s most trusted name
in security, has provided beauty, security and peace of mind for millions of
families. For additional information on Kwikset products, visit www.kwikset.com, or call 1-800-327- LOCK.

Black & Decker Hardware and Home Improvement (BDHHI) Group is a division
of Black & Decker, the world’s largest producer of power tools, power tool
accessories and security hardware. Today, the BDHHI Group includes some of the
most recognizable hardware and home improvement brands including Kwikset®,
Weiser Lock®, Baldwin®, Price Pfister® and K2™ Commercial Hardware by Black
& Decker.